Indira Securities Demat Account Charges, Review, Opening

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Indira Securities is a depository participant of CDSL which allows them to offer Demat account-related services.

Demat Account holds securities in electronic format. The securities include shares, Mutual Funds, ETF, Bonds and NCDs. Demat account is similar to a bank account but instead of money, it holds several securities. Along with the safety and convenience of online trading, the demat account also gets dividends directly deposited in your linked bank account.

Note that a demat account is mandatory for trading or investing in India Stock Markets including customers who are only interested in trading in F&O.

Central Depository Services (India) Ltd (CDSL) is one of the two governments approved depository service provider (CDSL and NSDL). They hold the demat account for the customer. The depository participants (DP) like Indira Sec works as the service agent between customer and CDSL.

Indira Securities DP Membership Information

  • SEBI Registration No: INB231286635
  • Indira Securities DP ID: IN-DP-CDSL-75 2000

Why should you open a Demat Account with Indira securities?

  1. Present in the industry since 1987
  2. Advanced Mobile App built in-house
  3. Low Brokerage Charges
  4. Fast & Secure A/C Opening
  5. Free Stock Market Education & Financial Planning
  6. Refer n Earn Benefits
  7. Online demat account opening free

Key Features of Indira Securities Demat Account

  1. Instant, paperless account opening process.
  2. Depository participant of CDSL.
  3. Invest across stocks, mutual funds, IPOs and bonds etc.
  4. Dividends & bonuses credited automatically into the linked bank account.
  5. Online management of demat account.
  6. Alerts/notifications on credit/debit of securities
  7. Access to advanced trading software
  8. Flexible brokerage plans
  9. Facility to open minor and joint accounts

Indira Securities Demat Account Opening

The process of demat account opening is similar to a bank account opening. If your Aadhar is linked to your correct phone number, you just have to fill an online application and submit scanned documents. Your account gets activated in 24 hours of applying.

If your Aadhar is not linked to your current phone number (for OTP verification), you may have to follow a paper-based account opening process.

Steps to Open Demat Account with Indira Securities

  1. Fill the Online Account Opening Form.
  2. Provide the OTP sent to your registered mobile number
  3. Upload the mandatory documents
  4. Your demat account details will be sent via email after verification

Documents Required for Demat

  • Proof of identity (Copy of PAN Card/Voters ID/Passport)
  • Proof of Address (Copy of Driving License/Voters ID/Passport)
  • Passport size photographs
  • Copy of Birth Certificate (in case the applicant is minor)

Indira Securities Demat Account Opening Charges

To open a new Demat account with Indira Securities, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.

Demat Account Opening FeeRs 0 (Free)
Demat Account Annual Charges (AMC)Rs 450 (Free for 1st year)
Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.

Zerodha Depository Service Charges for Resident Retail Customers

ID Transaction Charges
1 Demat Account Opening Charges Rs 0
2 Stamp Charges payable upfront (at actuals) Rs 130
3 Annual Maintenance Charges (AMC):
  Yearly Rs 450 Per Year (Payable upfront every year)
  Lifetime Free AMC Rs 0 per year with Rs 3000 (refundable deposit)
4 Transaction Charges per ISIN (Market Trades):
  a. Buy (Receive) Rs 0
  b. Sell(Debit) Rs 20 for every debit transaction
5 Inter Depository Transfer (Off-Market Trades):
  a. Buy (Receive) NIL
  b. Sell(Debit) 0.010% (Min Rs 10)
6 Demat Rs 5 Per certificate
7 Remat (Per ISIN) Rs 50 (Per certificate) + CDSL Charges
8 Courier charges per Demat/ Remat request Rs 35
9 Pledge per ISIN Rs 50 per request or 0.02% whichever is higher
10 Unpledge per ISIN Rs 50 per request
11 Pledge Invocation per ISIN Rs 50 per closure
12 Periodic Statement:
  a. By Email Free
  b. Physical Rs 35 (Couier Charges)
13 Delivery Instructions:
  a. First Delivery Instruction Book Free (10 leaves)
  b. Every Additional Booklet Rs 20
14 Failed Transactions Rs 25 per instruction
15 Modification in CML Rs 40 per request
Indira Securities Special Offer

Free Equity Delivery Trading

Get FREE equity delivery trading and pay flat Rs 20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM.

Frequently Asked Questions

  1. 1. What is the procedure to open a demat account in Indira Securities?

    Indira Securities doesn't allow you to open only a demat account. You have to open both demat and the trading account with the company. The account can be opened online as well as offline.

    Online paperless account opening is the easiest way to open a demat account. The 15 minute instant account opening is for people who have their Aadhar linked to the current phone number for OTP verification for eSigning.

    Steps to Open a Demat Account in Indira Securities

    1. Go to the Indira Securities
    2. Click on the 'Open an Account' green button.
    3. Enter the name, phone and email.
    4. Enter your Aadhar and PAN.
    5. Verify Aadhar OTP.
    6. Update your personal detail.
    7. Upload supporting documents.
    8. Submit the form.

    Note that online account opening is only available to retail resident customers. It is not available to NRI, HUF, Minor and Company accounts.

    To open an account offline, download the 'Account Opening Form' from the company's website. Print, fill it and attach required documents. Courier it to the address mentioned in the form.


  2. 2. What is an AMC charge in Indira Securities?

    Indira Securities charges demat account maintenance charges or AMC for maintaining your demat with CDSL. The AMC is charged annually. Indira Securities demat AMC charges are Rs 450 per year. You have to pay the annual AMC charges irrespective of whether you have held any securities in the demat account or done any trading in that year.


  3. 3. What is Indira Securities DP id?

    Indira Securities is a depository participant (DP) with Central Depository Services Limited (CDSL). Indira Securities DP ID is 12017000. You can get the information about your Indira Securities demat account on the profile page of your account.


  4. 4. What is Indira Securities DP name?

    Indira Securities is a depository participant of CDSL. The company offers Demat account services through its membership with CDSL, a central depository. CDSL opens and manages all the demat accounts opened by Indira Securities customers. Indira Securities works only as a servicing agent for the demat account.


  5. 5. Is Indira Securities account NSDL or CDSL?

    Indira Securities demat account is opened with CDSL (Central Depository Services Limited). Its DP ID is 12017000.

    India has 2 government-approved depositories; CDSL and NSDL. A stock broker must be a depository participant (DP) with anyone or both depositories to offer demat services in India.


  6. 6. What is my Indira Securities demat account number?

    Your Indira Securities demat account number is a 16 digit number combining your DP ID and Client ID. Both are of 8 digits each.

    The Indira Securities DP id is 12017000. It is common for all customers. Your Client ID is an 8 digit unique ID assigned to your demat account.

    You can contact the customer care or check your welcome kit provided at the time of the account opening to know your client ID. A sample demat account number for Indira Securities customers is 1201700012345678.


Contact Indira Securities / Request Call Back

FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.

Compare Demat Accounts

Information on this page was last updated on Wednesday, June 17, 2020


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